If you are looking to grow your business, stay away from Square.Someone needs to start a class action law suit against these idiots. I wish I would have ready these reviews before setting up with these idiots. 1. I am a lawyer, and the client would have generated nearly $40,000 of fees, which now I will very likely looe because of this little piece of a crap of a company called Square. Fees start at 2.7 percent per transaction--a little bit less than Square--but if you manually enter the card information, the cost is like Square: 3.5 percent plus $0.15 per transaction. Businesses with monthly processing volume of about $4,000 or more will find other mobile processing service to be more cost-effective.Customer service is terrible!!! Visit Square to create your free account.Square and PayPal are both aggregate payment processors. So through email they told me that the charge was 4 mos. Not thinking anything of it, since the account was new, and noticing very little due diligence could’ve been done by Square during the initial setup, I immediately provided all the documents requested. I HIGHLY recommend Square.They are terrible. STAY AWAY FROM SQUARE!!! PayPal also offers virtual terminal and recurring payment options, but both come with monthly costs, unlike Square, which provides them for free.Great information Krista- you write very directly and concise…excellent advise and suggestions for small to medium size businesses based on the payment systems that are available in 2018. This company is a rip off and should be shut down.Square combines these first two components of cost with its own markup, and then bills its customers a rate as noted in the chart at the beginning of this article. This is known in the credit card processing industry as auto-batching.Close your bank account to be safe and open a new one.The problem with you all is that you’re processing high value amounts. The Square should have canceled the debit immediately but instead debited our account 3 days after the dispute was canceled.I started my roadside assistance company in November 2012, I realized that I would need to accept credit cards because not everyone carries cash. Square has to manage risk like any other processor, but its streamlined sign up process leaves it more exposed than traditional providers, so it tends to have a hair trigger when it comes to holding deposits and freezing accounts. Prospective customers and customers who have had accounts cancelled or frozen may be directed to email support where responses to questions and issues can take as long as week. There was no appeal process or anything, Square just deactivated my account. And, there are no fees to pay when we shut down for the winter and go a period without processing charges. Learn how to calculate Square fees with our free Square fee calculator. I have been very profitable for 13 years too. Does anyone know if they can still take out money from my account if I didn’t use Square Up at all? I’m very disappointed with they way they handle things. Think before you act. Take a look at Square and PayPal fees below.